Blockchain & Bitcoin Mining

The main rival of bitcoin – ethereum, comes with a revolutionary system that can serve not just as digital currency but is a digital alternative for a lot of other activities. This article was designed to offer a few details about ethereum and their main feature – smart contracts. What exactly

As we have mentioned in one of our previous articles, a blockchain represents a distributed database, a new way of storing data, enabled by recent technological development. We’ve also mentioned that Satoshi Nakamoto was behind this innovative idea and the purpose of the blockchain was to facilitate the processing of

Regarded by some people as the new internet, blockchain is an ingenious invention, created by a person or a group people known by the pseudonym Satoshi Nakamoto. He is also regarded as the creator of the most popular cryptocurrency on the planet –bitcoin. What does it have special? To put

The goal of cryptography is to store and transmit data in a particular form so that only those for whom it is intended for can read and process it. This thing is possible via advanced mathematical principles and as we have stated above, the main goal of cryptography is security.

We must first begin by saying that the ethereum system works like a world computer and some of the key features it proposes are: secure communication, secure payments, free software under the GPL and transparent governance for communities. How does the ethereum system work? Very similar to bitcoin, ethereum uses

As it is with bitcoin, litecoin is another cryptocurrency that gets created through the process of mining. To begin with a brief history of litecoin, it was created in the year 2011 by Charles Lee, a former engineer at Google. One of the motivations behind the creation of litecoin was

One the key similarities between bitcoin and ethereum are that both can be created through the mining process. We’ve explained already how the mining process for bitcoin takes place for bitcoin and now we’ll discuss how ethereum can be mined and what you should know about that process. Ethereum mining

Unlike any other traditional currency or fiat money, bitcoin and the other cryptocurrency are not printed by any public institution or agency. Instead, some of them, like bitcoin, are created through the process of mining. Since this is a new methodology, most of you will find it difficult to understand,

Now that we know the basics of bitcoin and cryptocurrencies, we can dig deeper and find out more interesting things about bitcoin. As we mentioned in other previous material, bitcoin is a cryptocurrency that is created through the process of mining, meaning that you will basically need a hardware configuration

If you are not too familiar with cryptocurrencies or more specifically, with bitcoin, you will first need to understand a few key aspects of it for a better understanding. First and foremost, you need to understand that bitcoin is like resource and it is not issued by a public institution